Coin operated banking machine



March 5, 1963 J. D. RoBBlNs ETAL 3,080,036

com OPERATED BANKING MACHINE v Filed Jan. 16, 1961 3 Sheebs--SheerI 1 INVENTRS JAMES ROBE/VS BYJEROME A. 4M/E QM #M v A Tram/.Ens

Mardi 5, 1963 J. D. RoBBINs ETAL 3,080,036

coIN OPERATED BANKING MACHINE 3 Sheets-Sheet 2 Filed Jan. 16, 1961 www NQN urli Y Sadr.. QQ @m w N. .NW

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WN\NHNR INVENTORS JAMES D. @06E/MS BY JEROME A. AH/E March 5, 1963 J. D. RoBBlNs ETAL 3,080,036

G01N OPERATED BANKING MACHINE 3 Sheets-Sheet 5 Filed Jan. 16, 1961 m www i .QQ www t n W? @y whw hw IM #l D.. is Q www mow www Qm ME Q JJW 0N @mu e@ ww @N mmw m w WN uw @N @FME .XN 3

A TTU/@V575 3,080,036 CQIN QPERATED BG MACHME James D. Robbins, Spring Lake, and Jerome K. Lampe, Grand Haven, Mich., assignors to Coin Saving Systems, Inc., llackson, Mich., a corporation of Michigan Fiied dan. 16, 196i, Ser. No. 33,033 Claims. (Cl. 194-193 This invention relates to a coin operated banking machine including a dispensing apparatus and more particularly a ticket or tab dispensing machine.

The development of the attribute of thrift in children and young people is an important aspect of education which is largely neglected today. 'Ihis is due not only to the general level of prosperity of parents, but also because of a lack of appropriate facilities through which this attribute may be cultivated. Of course, a deposit of several dollars may be made at a bank by a trip of several blocks or several miles, but this is highly inconvenient and not conducive at all to the saving of a portion of childrens pocket change. Thus, it is evident that some type of banking equipment is needed to ll this gap for teaching children how to manage money by investing a portion thereof. Such equipment would have to be completely foolproof and dependable, would have to be easily accessible to the children, and must not require the constant services of other people. A banking machine of the vending type but possessing unique qualities is therefore needed for this purpose.

Vending machines of various types and for various purposes are Well known in modern society. Although these machines have been adapted to dispense a multitude of items, still there are associated with such machines certain problems with respect to both the users and the owners or operators thereof that prevent them from being absolutely dependable. These problems include pilfering, loss of coins due to article jamming, multiple di-spensing with one coin, and others too numerous to list. Such diiliculties, although in many situations not really significant, have prevented the adaptation of dispensing machines to the business activities including banking lwhere complete safety of investment, absence of potential malfunction of the equipment, protection from pilfering, and completely foolproof and reliable operation are absolute requirements.

It is therefore an object of this invention to fill the gap in the present banking business by providing a unique banking machine for encouraging the saving of coins by children.

It is a further object of this invention to provide a banking machine incorporating a dispensing apparatus which can be readily and safely used in connection with ordinary banking operations, with savings bond dispensing, and with other related transactions. It is a further object to provide a machine for dispensing tickets with a printed redeemable value thereon, which dispenser is entirely free of fault and alfords complete protection to the machine owner and user from pilfering, coin loss due to tab jamming during operation, coin loss due to being empty, slipping of dispensed tabs back into the dispensing slot when removal is clumsily attempted by children, multiple dispensing with one coin, jamming of successively dispensed tabs, and other such defects which in the past have prevented the successful use of dispensing machines for banking purposes and related transactions in connection with which people require utmost safety and confidence.

It is a further object of this invention to provide a ticket dispensing apparatus which operates completely automatically, is relatively simple in construction, is readily serviced, requires no human maintenance under nor- CII Ziii Patented Mar. 5. 1963 mal conditions, renders banking operations adaptable to schools and the like, encourages saving of loose change due to its convenient location and automatic operation, allows saving of coins of various denominations, is lightweight, may be readily mounted upon the wall or upon a floor stand, and possesses the sturdiness characteristic of banking institutions.

These and other objects will be apparent upon a perusal of the following specification and the drawings in which:

FIG. 1 is a perspective view showing the banking machine mounted upon a tloor stand;

FIG. 2 is a top view of the machine with the cover removed to show the internal mechanism;

FIG. 3 is a front view of the machine with the cover removed;

FIG. 4 is an enlarged sectional end view taken on plane lV-IV of FIG. 2 and FIGS. 5a through 5g are a wiring diagram sequence representing the circuitry during the various phases of operation of the machine.

Basically, the invention comprises an automatic banking machine adaptable to schools and the like which dispenses ticket-s, coupons, or bonds of designated value in exchange for coins of various denominations. The tickets are collectible in a booklet for redemption at a local franchised bank after enough have been collected to make a trip to the bank worthwhile.

More specically, the inventive banking machine utilizes a plurality of adjacent coin operated ticket dispensers, each including a vertical ticket guide to hold a stack of tickets, a horizontally sliding ejector which pushes the bottom ticket in the stack forward out of the housing, a dispensing solenoid which activates this slide, a coin mechanism including a coin operated switch which actuates this solenoid, a pilfer-proof safety door over the slot in the housing through which the ejected ticket passes, a ticket actuated delivery switch which holds the dispensing solenoid in the active position, an anti-jacking switch actuable with the slide ejector and in electrica-l series with the delivery switch for the prevention of pilferage, and an empty switch actuated by a weight on the stack of tickets to be dispensed for rejecting coins when the tabs have been depleted.

Referring to the drawings, the banking machine inclndes the dispenser assembly 10 mounted on iioor stand assembly 12. The dispenser includes housing subassembly 14, and an optional plurality of three dispenser sub-assemblies 1l. Each of these dispensers include Ya guide sub-assembly 16, a dispenser solenoid sub-assembly 1S, a ejector slide sub-assembly 20, a pilier-proof door assembly 22, and empty switch assembly 24, a delivery switch assembly 26, an anti-jacking switch assembly 23, a-nd a coin reject mechanism 19.

The dispenser it) may be suitably mounted upon Ia oor stand 12 including a base 40 and columns 42. The housing assembly 14 includes cover 44 .that extends over the top, front and two ends of the dispenser assembly, and embodies coin receiving slots 46, 4S and 5t), tab dispensing slots or openings 52, 54, 56, and coin reject cup 5S, 60 and 62. Cover 44 also envelopes end space 7i) on one end of the dispenser assembly, which space may incorporate a suitable alarm device actuated by an attempted moving of the entire machine. The cover is locked in place over the mechanism to permit only authorized removal for adding tickets and removing money. Referring to FIGS. 2 and 3, it is seen how the three tab dispensing mechanisms 11 `are located longitudinally within the housing, each cooperating with one coin slot, one tab dispenser slot and one -coin reject cup in the housing cover shown in FIG. 1. In FIGS. 2 and 3 the middle dispenser is shown in detail while its two adjacent dispensers are shown at least partly in phantom to avoid duplication in When .the cover is :removedvfro'm the rest of the .hous

ing andthe dispenser-units asin FIGS.2 and Y3, the three vindividual units 11 separated by partitions 72 are shown, leacliincluding 'among other things, an ejector mechanism 20 and its openating `solenoid 18. Ejector 20 includes a dat rectangularslide 74 which is reciprocally movable as indicated by .the arrows in FIGS. 2 and 4- within guide 76 so thateat its forward position it projects into the lowermost portion of vertical .tab guide means 16V as indicated in phantom in F-IG. 2.

The rectangular ticket guide means 16, including side walls A82 and l84, may be seen more clearly-.in FIGS. 3 and 4. This guide supports a stack of premium tickets or tabs 90. These Vtabs are vbiased downwardly by a -weight 92, preferably made'of metal to assure proper dispensing. This weight .also actuates empty switch 24 ina manner to be described hereinafter. The bottomtab in Vthe stack isaligned with slideVK 74 so that when the slide `moves toward the front` 94 ofthe housing, it pushes the lowermost tab out slot 96 in the housing casing and slot 98 in the housing cover 44 to cause it to protrude from the housing as shown at 11min FIG. 4. Slide 74 is actuated by lever 102 which is ixedly mounted upon Vshaft 104, as-is solenoid,|armature 106.v Shaft 104 is mounted upon a suit- `able bracket 108 secured -to the housing. A Armature 106 `.may be constructed of a laminated'magnetizible metal as 'shown in FIG. 2 and includes a cooperating stationary portion 107. Thus, upon actuation of electrical coil '1.10

the pivotal portion 106 of the armature rota-tes counterclockwise toward the coil as shown in phantom in FIG. 4 to contact portion 107. This causes shaft 104 to rotate 'counterclockwise :and shift lever 102 to the position shown in phantom in FIG. 4. This 'lever extends through open- Ving 116 in slide 74 and thus as it rotates, pushes slide 74 :toward the front 94' of the housing. The slide thus lpushes the lowermost .tab 100 of the stack 90 out the front ,of fthe dispenser as described above. Also xedly mounted upon -shat '104 Vis lever 116, the Yterminal end'of'which projects through opening 118 in sliding door 120 of the .pilferproof door assembly 22. sliding door is kguided Y'b'yQsuitable' laterally positioned channel guides 12,2 yshown in FIGS. 2 and 4. Upon rotation of'shaft104, lever; 116 shifts. upwardly'to the position shown in phantom, thus raising door 120 to allow tab 100 to project out openings 9 6 and 98. vThis door in its lower'. Yposition.prevents pilfering by a method involving delivery switch 26 and'to 'be described more fully hereinafter.

' The solenoid'assembly 18'is-actu"at`ed by coin switch 2'5 incoin rejectsubvassembly 19 'shown -in FIG. 3. This lswitch includes housing 130 y'and extension arm 132 which is positioned within .coin channel 134 so that when a coi-n A' contacts the switch, vit assumes Vthe, position shown` in vphantom in FIG. -3 whilelthe coin passes. They coin is vinserted in coin slot 48, (FIG. 1) from whence it falls into coinfchute 13S (FIG. 3) and into Achannel 140. Sole- .noid 142vlocat`edl Vadjacent this channel is normally ac- 'tivatedso that pivotal flange 144. and its-attached `extension piece 146 are held rearwardly against the `solenoid ,and out'offthe coin channel 134. When. the sole- .fnoid is deactivated, ange 144 and its extensionpiece 146 move .toward the front yof the housing to -allow extension ,146 tochterv channel 134 and prevent coins from fallin-g therethrough onto switch arm 132. This causes the coin )to ricochet and fall into reject channel `148 through fun- -nel 150 and into a return cup 60attached `to housing cover V44 as shown on the right end unit in FIG. 2.v This solenoid 142 is deactivated to cause a coin return during certain'stages of operation of the'dis'penser.

Empty switch 24 shown in FIG. 4 deactivates thesolenoid 142 when the guide 16 4mis empty of tabs 90. Empty switch 24 includes switch body 160 and lever arm 162 mounted .adjacent .the guide means 16 as shown in FIG. 4. When the supply of .tabs 90 has been depleted, weight 92 lowers and depresses .lever 162.to the `position `show-n in phantom in FIG. 4. This deactivates solenoid 142 and lights the indicator bulb 166 shown in FIG.3 in amethod to be described hereinafter, so that the light is visible through glass l17 (FIG. l).

Mounted to the housing behind the slide 74 is an antijackingswitch assembly 28 as shown'in FIG.14. Included in this switch assembly are switch housing 180 audits lever arm 182 which moves toward-the front of the Yhousing under Athe force of a biasing spring whenthe slidej 74 moves forwardly. Switchl arm 182 abuts lthe rear surface of slide 74 so that as the slide `movesfforward, armr182 movesealso to the position shown in phantom in FIG-1.4 and thereby closes the switch. This switch -is' located iin electrical ser-ies with delivery switch assembly 26 located adjacent slot 96 in thehousing and beneath guidev 16 ,and tabs 90 Vas shown in FIGS. Zand 4. This delivery switch assembly 26vincludes switch body 188 and leverarm' Y190 which extends upwardly into the Ypath of the dispensed tab 100. Thus, when a tab istpushed forwardly 'byslide 74, this tab 100 depresscs arm 190 to throw'switch' 188. When the anti-jacking switch 28 is forward and the'delivery switch y26 is depressed, the dispensing solenoid-18 vis held in its activated position by a method and for a purpose to be described hereinafter.

Located beneath each dispensing unit is a money receiving drawer 200 with a suitablerhandle 202 thereon. Coins which fall .through channel 134 and depress switch `arm 132 to actuate coin switch 275 thus fall into box y200 for collection in exchange for a dispensed tab which protnides through the housing slot for removal. If on the other hand, vthe unit is empty or malfunctioning so that solenoid 142 is de-energized, the coin entering chute 138 will .bump into projection 146 and be re-routed down channel .148 into funnel 150 where it will fall into coin lreturn cup 60. This coin return cup projects 'beneath funnel 150 by virtue of a cutout portion 204 in box 200. This cutout may be seen most clearly in the. box under the rightY hand end unit in FIG. 2. The coin rejectormecha- Ynism is not shown in detail sincev it is very conventional and maybereadily obtained from National Rejectors,

Inc. of St. Louis, Missouri, Vfor example. This `colin reject mechanism includes the conventional bent coin -rele'ase'lever'206 which spreadsthe elements form-ing the ycoinchannel 140 to allow the bent coin to pass through 212 Vand 213,.the function .of which is explained in con- Y Y nection with FIG. '5. Also included in the circuit isza 220 which closes to allow operation of thev units 11 only when the housing cover 44.is placed on the: dispenserto depress the switch and thereby close the same.` This protects ythe person vserving Ythe machine from electrical shock d ue to accidental contact with the .electrical components.

Crcutry In FIG. 5, there is depicted several sequences, namely 5a through 5g, of the electrical circuitry representating the successive operations of each of the three dispensing units. In operation, three of the circuits shown in FIG. 5a are connected together in series to accommodate the three units. T'hatis, points 224 and'226 of a second identical circuit are connected to points 225 Iand 227 of 4the preceding dispensing unit circuitry, and a'thirdl identical circuit is connected to the second one. One safety switch 220, closed by locking housing cover 44 in place, is provided for the three connected circuits. This switch is shown only in FIG. 5a for convenience. The sequence of operation involved with this circuitry will be explained as applied to the middle unit 11 which was heretofore described in structural detail. Each of the other dispensing units would function independently in a similar manner when independently 'actuated by a coin of the designated denomination.

Referring to FlG. 5a, points 224 and 226 are connected -across a conventional power line, preferably 1l() volts, by a suitable plug (not shown). Embodied in the circuit are delivery switch 26, coin actuated switch 25, empty switch 24, anti-jacking switch 2S, relay switches 212 and 213, dispensing solenoid 1S, coin return solenoid 142, relay S, and empty indicating bulb 166. In FlG. 5a, the depicted circuitry represents a dispensing unit which contains a stack yof tabs and is ready to dispense a tab when coin actuated. Delivery switch 26 is in its normal position in contact with point 231i and has its arm 190 raised (FiG. 4). Relay switches 212 and 213 are in their normal positions in contact with dead point 238 and point 242 respectively. Empty switch 24 has its arm 162 placed in its normal Iraised position with the switch in contact with point 246 and thus with coin return solenoid 142. Therefore, a complete electrical circuit may be traced from point 224 t-hrough switch 220 to point 228, through switch 26 to point 230, through switch 213 to point 242, through switch 24 to point 246, through solenoid 142 to point 252, and back to point 226. Thus solenoid 142 is now activated so that the extension piece 146 shown in FIG. 3 is withdrawn from the coin slot to allow coins to fall through channel 134 onto switch arm 13 In FIG. 5b, the coin has been dropped through slot 48, down chute 138 into channel 134 to depress switch arm 132 of switch 2S thereby causing switch 25 to contact point 234 rather than its normal biased contact with point 236. Thus, a circuit may be traced from point 224 to point 229, across switch to point 234, through relay 298 to point 254 and back to point 226. Relay switches 212 and 213 are now activated by passage of current through the coil of relay 263, and they contact points 240 and 244 respectively. Upon switch 213 contacting point 244, another complete circuit forms and may be traced from point 224, through switch 226 to point 230, through switch 213 to point 244, through relay 20S to point 254, and back to point 226. Since switch 213 is no longer in contact with point 242, the circuit traced through coin reject solenoid 142 is no longer complete. Thus, it may be seen that as soon as one coin is inserted into one dispensing unit, any coin inserted in this unit before the complete cycle has taken place will be rejected. This is caused by the linactive state of solenoid 142 which allows projection 146 to block coin channel 134 leading to switch arm 132, thereby dellecting coins into return channel 148.

After the coin passes switch 25, switch arm 132 raises to its normal position thereby causing switch 25 to recon- Y tact point 236 as shown in HG. 5c. Relay 2418 remains activated as do switches 212 and 213 by the current flow through switch 25 and switch 213. When switch 25 recontacts point 236 another circuit is formed due to the switch 212 now being actuated by the relay to contact point 248. This circuit shown in FIG. 5c may be traced from point 224 to point 229, hence through switch 25 to points 236 and 2453, through switch 212, through dis- -pensing solenoid 13 and back to point 22.6. With the activ-ation of solenoid 1S, arrnat1 re 166 shown in FlG. 4 pivots on shaft 134 to rotate lever 1192 and push slide 74 toward the front or' the housing. This slide pushes the lowermost tab 1% out through slots 96 and 98 and depresses arrn 19@ of delivery switch 26. Also, arm 184 of anti-jacking switch arrn 132 moves forward with slide 74 to close switch 28 as shown in FIG. 4.

- for dependable banking operation.

In FIG. 5d switch 28 is shown in the closed position, which condition occurs after a partial stroke of the dispensing solenoid 18. When the solenoid stroke is complete switch 26 contacts point 232 as shown in FIG. 5e. This completes the circuit traced from point 224 to point 228, through switch 26 to point 232, through switch 28, through solenoid 1S to point 256 and back to 226. This represents the circuitry when the ejector slide has moved forward to its limit to push the dispensed tab partially out of the housing which tab then holds switch 26 depressed due to the limited amount of clearance between the bottorn edge 83 of the guide 16 and the switch arm 190 over which the tab must pass.

When the tab is completely removed, switch 26 asunies its normal position in contact with point 230 to give the circuitry shown in FIG. 5f, which is the same as FIG. 5a. The unit is then ready to dispense another tab upon being actuated again by another coin. Relay 142 is again activated to allow coins to actuate switch 25.

In FIG. 5g is shown the circuitry of one dispensing unit when all of the tabs of that unit have been exhausted. Switch 26 and relay switches 212 and 213 are in their normal position, but switch 24 is now in contact with point 243 instead of point 246, since weight 92 (FIG. 4)

has depressed switch arm 162 to the position shown in phantom. Thus, the circuit may be traced from point 224 to point 22S through switch 26 to point 230, through switch 213 to point 242, through switch 24 closed by weight 92 to point 248, and through bulb 166 to points 25% and 226. The lighting of this bulb indicates to the user the empty condition of the dispensing unit. Also, normally active coin return solenoid 142 is now inactive due to the contact of switch 24 with point 243 instead of point 246 so that projection 146 on tlange 144 now protrudes into coin channel 134 and causes coins dropped into chute 138 to be deflected into return channel 148, and through funnel 151i to the return cup. Thus, weight 92 serves not only to maintain the stack of tabs in the proper arrangement to prevent malfunction during the dispensing operations, but also controls empty switch 24.

Anti-jacking switch 23 safeguards the machine from tampering 'with paper clips, hair pins, or the like through slot 96 in the housing to cause depression of switch arm 193 of delivery switch 26. If this switch 23 were not in electrical series with delivery switch 26, a paper clip inserted through the tab dispensing slots could depress arrn 126 (FIG. 4) to contact switch 26 with point 232 and complete the circuit across dispensing solenoid 18 to obtain a tab. This possibility of pilfering is completely eliminated by the anti-jacking switch which does not close until the unit has been coin Iactuated to cause movement of the slide 74 through the coin actuated switch and the solenoid 1S as in FlG. 5c.

Delivery switch 26 itself is important for several reasons. Firstly, it holds solenoid 18 in its active position as long as the tab which protrudes partly into and partly out of the housing and guide 1&3 remains in that position. This prevents a second tab from being dispensed by the solenoid either by chattering which is characteristic of solenoids, or by the insertion rof a second coin. Multiple dispensing by chattering would obviously be detrimental t0 the owner or operator of the machine. In addition this multiple dispensing could jam the tabs together at the base of the stack as could the ejection of a second tab by inserting a second coin before removal of the rst tab. All such potential malfunctioning must be completely eliminated when such machines are to be used Delivery switch 26 serves still another purpose in that while the solenoid remains activated, the dispenser slide 74 remains in contact with the protruding tab 1&6 and prevents clumsy fingers, ot' children for example, from inadvertently pushing the tab back into the housing.

Safety door assembly 22, which is lifted to uncover slot 96 only when the dispensing solenoid has been coin 7 actuated, provides Va further-safeguard `to preventfpilfering fthe machine by tampering with switch 26 or the stack of tabs'90 with knives etc.

"It will readily be seen lfrom the Idescription of the Structural and circuitry details that the operation of the machine is completely automatic. This automation stimulates saving of coins by users, especially school children, sinceV it is simple to operate and fascinating to Watch. The dispensed tabsmay be collected and preferably placed in a booklet, which, when full, is redeemable at a local franchised bank or the like. Because of this unique function of the machine, it Vmay readily be appreciated that the machine must be completely dependable and stable in its operation and appearance.

Operation 'ona'oor' stand asin FIG. 1, or fastened to the wall.

The' cover 44 ofthe installed machine is removed from -the dispenser 10 and eachof the three guide means 16 is lled'with'a stack of tabs 90. Each of the plurality of fstacks'possesses tabs representing a dilferent denomina- Ytionland-having printed designations thereon indicating such. Thus, for example, the three units disclosed may be 'adapted to dispense tabsrepresenting ve cent, ten

-cent,and twenty-five cent tabs. When a booklet of, for

example, of one of these units has been collected after a period of time, the booklet is presented to av local bank under franchise for deposit or redemption of the specified amount. VAfter the .three stacks of tabsY 90 have been placed in the guide means 16, a'weightr92 is placed on fthe topof each stack as shown in FIG. 4. Cover 44 is -then replaced and lockedinto fplace. Thus, the unit is 1 ready to dispense tabs.

When a person wishes to obtaina tab, for example,

'a' dime is inserted into the middle slot on the machine.

This'dime falls through slot 48,-into chute'138, past the normally active solenoid 142, into channel 134 to activate arm 132 of'switch 2S and thence into coin box 200. When switch is thus actuated, the electrical circuitry follows the series of operationsv shown in FIG..5 to dis- .pense a tab. That is, switch 25 Ycontacts point 234 to 4actuate relay 208 and thus relay switches 212 andv 213. After the coin haspassed switch 25, the switch reverts to contact point 236 to actuate dispensing solenoid 18 which causes armature 106 to assume the position shown in FIG; 4. This rotates shaft 104 and thus lever 116 to lift door 120 and lever 102 to move slide 74 forward,

vthereby forcing the lowermost tab 104) from the bottom of the stack of tabs 90 over switch arm 190 offswitch 26,

depressing the same, and outv through slots 96 and 9S.

VSimultaneously antijacking switch arm 182 follows the slide to assume the position shown in phantom in FIG.' 4.V .This sequence of operations is shown in FIGS. 5d and 5e wherein switch 26 leaves point 230 and thus deactivates relay 20S, and contacts point 232 to hold dispensing sole- "noid 18 in the active position through switch 28 until the tab-100 has been removed from the machine by the user. When the tab is removed, the circuitV again reverts to that `represented in FIG. 5f, and is ready to dispense another tab. When the stackV of tabs has been depleted, the indicator bulb is lighted as shown in FIG. 5g and all later 'inserted coins are rejected inthat particular unit of the `machine by the inactivation of solenoid 142. The 5 -and the A2.5 units operate similarly under independent actuation by dropping nickels or quarters through slot "46' and slot S0 respectively. -'After the vdispensed tab has beencompletely removed by the usen-solenoid 18 be-v'.

Vposition and thereby causes levers 162 and 116 vto-assume their original position.

Otherfeaturesrand advantages, and certain modifica- 'tions of the banking machine of this inventionarepossi- .ble and will occur tothose skilled in the art. The ernybo'dimcnts described are intended to v.be illustrative vand Aare not'intended to limit the scope of the invention `other than as incorporated within the delinitionsprovidedin the-appended claims and the reasonable equivalentsltheret0.

We claim:

l. AY coin operated banking machine comprising; aan enclosed housing having a plurality of orderly arranged l'groups of premium tickets, each ticket of each group-having-printed thereon and representing a certain amount of redeemablemoney andthe tickets of dilferent groups being of different denominations; a vertical. guide means forretaining a plurality of said-tickets; a lhorizontally kmoving ejector slide means locatedy adjacent theibaseof said` guide means; an'opening in said housingthrou'gh which a ticket may pass and located adjacent the' base of said guide means opposite said ejector means; a normally inactive solenoid means operatively connected to vsaid lejector to shift saidejector and dispense the lbottom ,ticket; a coinslot and connected chute in said" housing; 'an electricall circuit including `-power'supply leads and t:including saidenormaly inactive solenoid, a two-way coin actuable switch in said chute, and a'delivery switch at the base offsaid guide-means and adjacent said housing openingy saidv coin Lswitch being capable of activating f said solenoid to shift said ejector and causea ticket to protrude through' said housing opening; and said delivery switch being thrown by the protruding ticketiand being adapted when thrown to hold said solenoid active until the ticket n Vis"removed;,said delivery switch being adaptedv to open andelease said solenoid whensaid ticket isv removed;

and said ejector being vbiased'to return to its original position upon release of said solenoid. p '2. A tab dispensing machine comprising the combina- Ation'of'a housing; a vertical guide means for retaining a jplurality of tabs; a horizontally moving ejector slide means located adjacent the base of said guide means;

an'opening in said housing through which a tab may pass and located adjacent the base-of saidv guide means opposite said ejector means; a normally inactive solenoid means operatively connected to said ejector; a coin slot and connected lchute in said housing; an electrical circuit including power` supply leads and including'sa'id normally inactivesolenoid,v a two-way coinv actuable switch .in said chute, anda delivery'switch atthe base ofV said 1 guide means and adjacent `said .housingl opening; ,said

coin switchbeing connected across said leads and capable of electrically activating said solenoid to shift said: ejector and cause a tab to protrude through said housing'opening; said delivery switch being connected across said leads in electrical parallel to said coin switch and adapted to be thrown to closed position by the protruding tab to'hold said solenoidactive until the tab, is removed; said delivery switch being adapted to open and release said solenoid when said tab is removed; and Vsaid ejector being ,biased toV return to its original position upon release of said solenoid.

3. The combinationY of claim.2 wherein said circuit includes a normally open anti-jacking switch connected in electrical series with said delivery switch and said solenoid; said anti-jacking switch being adapted to be thrown by the ejecting movements of said slide means to a closed position in electrical series with vsaid delivery switch so a vertical guide means within said housing and adjacent one lateral face thereof; a stack of tabs of cardboard or the like within said guide; a weight resting upon said stack; a horizontally shiftable ejector means adjacent the base of said guide means opposite said lateral face of said housing; said ejector having a thickness roughly equal to that of one of said tabs to -be dispensed; a slot opening in said housing lateral face aligned with said ejector; a sliding door normally covering said slot; a normally inactive solenoid operatively connected to said ejector and said door to shift said ejector toward said slot against the edge of a tab in said stack and to lift said door to allow protrusion through said slot of said tab when said solenoid is activated; a coin receiving slot and connected coin chute in said housing; an electrical circuit including power leads and including said normally inactive solenoid, a two-way coin actuated switch normally biased to one position and operatively associated with said chute, said coin switch being electrically connected in series with said solenoid across said power leads; a normally active solenoid associated with said coin chute to normally allow coins to shift said coin switch to its second position, a delivery switch at the base of said guide and capable of being shifted by a partially dispsensed tab; said delivery switch being in electrical series with said solenoid across said power leads and being in electrical parallel with said coin switch to hold said normally inactive solenoid activated until removal of said tab, and said circuit including a normally open anti-jacking switch in electrical series with said delivery switch so that closure of said delivery switch without coin actuation of said coin switch will cause said normally inactive solenoid to remain inactive.

An article dispensing machine comprising a housing; article storage means in said housing; article ejector means adjacent said storage means to eject an article therefrom; an opening in said housing through which said article can be ejected; solenoid means to shift said ejector; an electrical control circuit including power line leads; said solenoid being electrically connected across said leads in electrical series with a releasing, coin-actuated switch and in series with a holding delivery switch, said releasing switch being in electrical parallel with said holding switch; said holding delivery switch being adapted to be closed by a partially ejected article, and adapted to be held closed until said article is removed from said housing so that said solenoid is held actuated and said ejector is held in its shifted condition until said article is removed, and said delivery switch being opened upon removal of said article whereby said solenoid is deactivated and said ejector returns to its original position.

References Cited in the le of this patent UNITED STATES PATENTS 627,736 Krull June 27, 1899 631,024 Mengis Aug. 15, 1899 647,353 Yale Apr. 10, 1900 692,964 Yale Feb. 11, 1902 893,582 Hess July 14, g 1,184,153 Weisner May 23, 1916 1,367,667 Munro Feb. 8, 1921 1,553,534 Hunt Sept. 15, 1925 2,075,989 Jonneret et al Apr. 6, 1937 2,363,724 Ford Nov. 28, 1944 2,516,823 Ziegler July 25, 1950 2,577,307 Carlson Dec. 4, 1951 2,905,360 Mihalek Sept. 22, 1959 2,961,082 Hanson et al Nov. 22, 1960 

1. A COIN OPERATED BANKING MACHINE COMPRISING; AN ENCLOSED HOUSING HAVING A PLURALITY OF ORDERLY ARRANGED GROUPS OF PREMIUM TICKETS, EACH TICKET OF EACH GROUP HAVING PRINTED THEREON AND REPRESENTING A CERTAIN AMOUNT OF REDEEMABLE MONEY AND THE TICKETS OF DIFFERENT GROUPS BEING OF DIFFERENT DENOMINATIONS; A VERTICAL GUIDE MEANS FOR RETAINING A PLURALITY OF SAID TICKETS; A HORIZONTALLY MOVING EJECTOR SLIDE MEANS LOCATED ADJACENT THE BASE OF SAID GUIDE MEANS; AN OPENING IN SAID HOUSING THROUGH WHICH A TICKET MAY PASS AND LOCATED ADJACENT THE BASE OF SAID GUIDE MEANS OPPOSITE SAID EJECTOR MEANS; A NORMALLY INACTIVE SOLENOID MEANS OPERATIVELY CONNECTED TO SAID EJECTOR TO SHIFT SAID EJECTOR AND DISPENSE THE BOTTOM TICKET; A COIN SLOT AND CONNECTED CHUTE IN SAID HOUSING; AN ELECTRICAL CIRCUIT INCLUDING POWER SUPPLY LEADS AND INCLUDING SAID NORMALY INACTIVE SOLENOID, A TWO-WAY COIN ACTUABLE SWITCH IN SAID CHUTE, AND A DELIVERY SWITCH AT THE BASE OF SAID GUIDE MEANS AND ADJACENT SAID HOUSING OPENING; SAID COIN SWITCH BEING CAPABLE OF ACTIVATING SAID SOLENOID TO SHIFT SAID EJECTOR AND CAUSE A TICKET TO PROTRUDE THROUGH SAID HOUSING OPENING; AND SAID DELIVERY SWITCH BEING THROWN BY THE PROTRUDING TICKET AND BEING ADAPTED WHEN THROWN TO HOLD SAID SOLENOID ACTIVE UNTIL THE TICKET IS REMOVED; SAID DELIVERY SWITCH BEING ADAPTED TO OPEN AND RELEASE SAID SOLENOID WHEN SAID TICKET IS REMOVED; AND SAID EJECTOR BEING BIASED TO RETURN TO ITS ORIGINAL POSITION UPON RELEASE OF SAID SOLENOID. 